Everything you need to know about the case against Sam Bankman-Fried

By Emily Nicolle

15 Dec 2022 · 4 min read

In this handy explainer, Bloomberg gives us the background to Sam Bankman-Fried's arrest this week and provides a long list of the charges that the former FTX boss faces.

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After the demise of his FTX crypto empire in November, Sam Bankman-Fried portrayed himself as a hapless but well-intentioned chief executive who made a series of calamitous mistakes, but never knowingly committed fraud. Regulators aren't buying it. A day after his arrest in the Bahamas, the U.S. Securities and Exchange Commission, Department of Justice and Commodity Futures Trading Commission filed civil and criminal charges against Bankman-Fried, including that he had orchestrated a scheme to bilk equity investors out of more than $1.8 billion. Here's what we know so far.

  1. What was FTX?

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